Mortgage servicer ORIX Capital Markets has put a more than $1 billion portfolio of distressed properties the market, including the largest single asset in the offering — One Alliance Center in Buckhead.

News of the offering was circulated in Atlanta real estate circles this week. It first broke in the New York-based trade publication Real Estate Alert.

CBRE Inc. is marketing the properties. The commercial real estate brokerage giant includes a leading investment sales team in Atlanta. CBRE Inc. could not be reached for comment.

One Alliance Center is part of a portfolio of “foreclosed properties and non-performing loans” that combined have a value of at least $1.3 billion, according to Real Estate Alert.

In Buckhead, One Alliance was the first of three planned office towers in Alliance Center, a mixed-use development overlooking Georgia 400 near the luxury mall Phipps Plaza. In March, Tishman Speyer negotiated the transfer of ownership in the 20-story One Alliance to Dallas-based Orix Capital. The tower helped secure a roughly $165 million CMBS loan.

Tishman Speyer’s decision came after months of negotiating to restructure hundreds of millions of dollars in debt backed by several of its Atlanta office buildings. The properties were part of Trizec Properties Inc.’s 3.5 million-square-foot Atlanta portfolio that Tishman Speyer acquired in 2006 for about $200 a square foot.

That was the same year other Atlanta towers, such as Bank of America Plaza, fetched record acquisition prices.

Tishman Speyer has maintained its interest in some of that Atlanta portfolio.

Tishman and Rialto Capital Management LLC, a distressed investment firm owned by homebuilder Lennar Corp., reached an agreement earlier this year to pour at least $35 million of new capital into Colony Square and another Tishman Speyer building, nearby Two Midtown Plaza.

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